Anthropic files for its IPO

Anthropic on Monday filed for its highly anticipated IPO, suggesting that its shares could begin trading before Thanksgiving. Why it matters: AI giants need additional investment, as massive revenue isn't keeping pace with spending.By the numbers: The Claude maker didn't say how much it plans to raise in its IPO, but there is speculation that it could seek around $100 billion at a $2 trillion valuation. The current IPO record-holder is SpaceX, which recently raised nearly $86 billion (including the underwriters' greenshoe option) at an initial $1.77 trillion valuation.SpaceX shares soared in initial trading and have since bounced around — even breaking below the $135 per share IPO price. It closed trading last Friday at $147.95, versus its first trades of $150 after the IPO.The intrigue: Anthropic disclosed financials for the first half of 2026, but Wall Street might want to see Q3 numbers — not just the leaked ones — before shares begin trading. Flashback: Anthropic filed confidential IPO paperwork in early June, just weeks after OpenAI did the same. OpenAI subsequently said it doesn't expect to go public until next year, and is said to be raising another $30 billion in the priva…

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